Palantir mentioned on Thursday it had struck a partnership with Lumen Applied sciences that may see the telecommunications firm utilizing the info administration firm’s AI software program to construct capabilities to assist enterprise AI providers.
The businesses are calling the deal “a multi-year, multi-million-dollar strategic partnership,” however Bloomberg reviews, citing nameless sources, that Lumen goes to speculate greater than $200 million in Palantir over a number of years.
The settlement will see Lumen pairing Palantir’s Foundry and Synthetic Intelligence Platform (AIP) with its personal edge computing, broadband infrastructure, and different digital providers.
The partnership comes as Lumen tries to remodel itself from a conventional telecom supplier right into a extra fashionable tech infrastructure play. The corporate in September mentioned it was “collaborating” with Palantir to combine the latter’s Foundry and AI software program and providers into its operations, finance, and expertise features, “to remodel its community and providers with velocity.”
Whereas Lumen wouldn’t verify the deal worth, its spokesperson Joe Goode advised TechCrunch in an electronic mail that the corporate’s use of Palantir’s tech was a “materials contributor” to reaching $350 million in value reductions in 2025. He added that what the businesses realized throughout that collaboration knowledgeable their resolution to take their partnership to the enterprise market. Lumen has dedicated to decreasing bills by $1 billion by 2027, and it says it’s already forward of plan.
“Palantir demonstrated that its Foundry and AIP platforms might unlock Lumen’s knowledge sooner and cheaper than conventional data-lake migrations, and collectively we’re pursuing options to assist giant enterprises do the identical,” Goode mentioned.
For Palantir, that is the newest in a protracted string of offers for which it has partnered up with corporations and authorities organizations of all stripes to promote its AI services. Together with the Lumen deal, Palantir has struck 19 partnerships this yr alone, throughout aviation, healthcare, telecom, contract administration, knowledge administration, protection, and extra sectors.
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“By bringing AI into real-world operations via a linked ecosystem, we’re empowering companies to reinvent how they function, compete, and develop,” Kate Johnson, CEO of Lumen Applied sciences, mentioned in an announcement.
Palantir didn’t instantly reply to a request for remark.
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